Dynamic optimal joint policies for tourism promotion and environmental restoration
Phumthan Sirilersuang and
Sittidaj Pongkijvorasin ()
Additional contact information
Sittidaj Pongkijvorasin: Chulalongkorn University
Environmental Economics and Policy Studies, 2018, vol. 20, issue 2, 261-286
Abstract Policies regarding tourism management can be separated into (1) tourism promotion policies and (2) environmental restoration policies. Because of the close relationship between the number of visitors and environmental quality, both policy types should be jointly designed and implemented. This paper studies the optimal use of these two policies in tourism management. In the case of Khao Laem Ya–Mu Koh Samet National Park in Thailand, the optimal policy balance requires the substantially higher restoration expenditure than the promotion expenditure at all time. With optimal policy balance, the number of visitors at the steady state increases more than twice, whereas the water quality remains unchanged. The implementation of the optimal policy balance would yield an additional benefit in terms of net present value of approximately $120 million over 50 years. The results from sensitivity analysis affirm the importance of restoration over promotion policy and suggest that improving effectiveness of restoration expenditure and reducing visitor impact on environmental quality can significantly increase benefits from tourism.
Keywords: Optimal joint policies; Tourism management; Promotion policy; Restoration policy; Optimal control (search for similar items in EconPapers)
JEL-codes: Q57 Q58 C61 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10018-017-0193-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:envpol:v:20:y:2018:i:2:d:10.1007_s10018-017-0193-6
Ordering information: This journal article can be ordered from
http://www.springer. ... mental/journal/10018
Access Statistics for this article
Environmental Economics and Policy Studies is currently edited by Ken-Ichi Akao
More articles in Environmental Economics and Policy Studies from Springer, Society for Environmental Economics and Policy Studies - SEEPS Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().